Gold set for 2.2% monthly rise

Gold prices are on track to achieve gains of over 2.2% in July, despite tensions between the United States and Iran and the impacts of monetary policy. Gold futures rose slightly, while the market now assigns a 63% probability of a U.S. interest rate hike in September, down from 80% previously. Meanwhile, the prices of other precious metals remain steady or are declining, as investors adopt a cautious stance amid market uncertainties.

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